AG2R LA Mondiale Gestion D Actifs Makes New Investment in Dollar General Corporation $DG

Key Points

• AG2R LA Mondiale Gestion D Actifs has acquired a new position in Dollar General Corporation by purchasing 14,122 shares valued at approximately $1.37 million in the first quarter.
• Institutional investors hold a significant majority, with 91.77% of Dollar General's stock owned by these entities, recently showcasing substantial increases in stake by firms like Two Sigma Investments and Vanguard Group.
• Dollar General recently declared a $0.59 dividend to be paid on October 21st, representing an annualized yield of 2.3% with a payout ratio of 43.7%.

AG2R LA Mondiale Gestion D Actifs bought a new position in shares of Dollar General Corporation (NYSE:DG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,122 shares of the company's stock, valued at approximately $1,373,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DG. Two Sigma Investments LP increased its stake in Dollar General by 323.1% during the fourth quarter. Two Sigma Investments LP now owns 2,354,135 shares of the company's stock worth $178,491,000 after acquiring an additional 1,797,776 shares during the last quarter. Pacer Advisors Inc. increased its stake in Dollar General by 5,440.2% during the first quarter. Pacer Advisors Inc. now owns 1,582,569 shares of the company's stock worth $139,155,000 after acquiring an additional 1,554,004 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Dollar General by 251.6% in the first quarter. Royal Bank of Canada now owns 2,035,524 shares of the company's stock valued at $178,983,000 after buying an additional 1,456,549 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of Dollar General by 398.2% in the fourth quarter. Two Sigma Advisers LP now owns 1,756,799 shares of the company's stock valued at $133,200,000 after buying an additional 1,404,200 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Dollar General by 4.8% in the first quarter. Vanguard Group Inc. now owns 26,433,202 shares of the company's stock valued at $2,324,271,000 after buying an additional 1,201,917 shares in the last quarter. Institutional investors and hedge funds own 91.77% of the company's stock.

Insider Buying and Selling at Dollar General

In related news, EVP Emily C. Taylor sold 1,969 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $113.00, for a total value of $222,497.00. Following the sale, the executive vice president owned 46,563 shares in the company, valued at $5,261,619. This represents a 4.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.56% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DG shares. The Goldman Sachs Group cut Dollar General from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $115.00 to $116.00 in a research note on Tuesday, June 24th. Bank of America lifted their price objective on Dollar General from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Truist Financial lifted their price objective on Dollar General from $119.00 to $120.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Gordon Haskett raised Dollar General from a "reduce" rating to an "accumulate" rating in a research note on Tuesday, June 3rd. Finally, Barclays lifted their price objective on Dollar General from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $112.92.

Dollar General Trading Down 1.0%

NYSE:DG opened at $104.32 on Friday. The firm has a market cap of $22.96 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.22 and a beta of 0.29. The company has a current ratio of 1.25, a quick ratio of 0.27 and a debt-to-equity ratio of 0.71. The stock has a fifty day moving average price of $110.69 and a 200 day moving average price of $100.51. Dollar General Corporation has a 12-month low of $66.43 and a 12-month high of $117.95.

Dollar General (NYSE:DG - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.30. The business had revenue of $10.73 billion for the quarter, compared to analysts' expectations of $10.68 billion. Dollar General had a return on equity of 17.97% and a net margin of 2.86%.The business's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 earnings per share. Dollar General has set its FY 2025 guidance at 5.800-6.300 EPS. Sell-side analysts anticipate that Dollar General Corporation will post 5.75 earnings per share for the current fiscal year.

Dollar General Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, October 7th will be issued a $0.59 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.3%. Dollar General's dividend payout ratio is currently 43.70%.

Dollar General Profile

Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. It offers consumable products, including paper and cleaning products, such as paper towels, bath tissues, paper dinnerware, trash and storage bags, disinfectants, and laundry products; packaged food comprising cereals, pasta, canned soups, fruits and vegetables, condiments, spices, sugar, and flour; and perishables that include milk, eggs, bread, refrigerated and frozen food, beer, and wine.

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